Trammo

What Trammo does

Trammo is a privately held international physical commodities merchandising and trading company founded in 1965 by Ronald P. Stanton as Transammonia. Headquartered in New York, the company markets, trades, distributes, and transports raw materials critical to the fertilizer, petrochemical, and mining industries, operating from 17 locations across 50 countries with a fleet of 12-15 fully refrigerated gas carriers (25,000-45,000 cbm) and the largest independent fleet of fully refrigerated inland waterway ammonia barge tows. The company is organized around six product groups—Anhydrous Ammonia (founding product, >20% of seaborne global market), Sulphur (single largest global marketer, 5M MT/year), Sulphuric Acid (world's largest independent trader, 3M+ MT/year), Petroleum Coke (3M+ MT/year), Finished Fertilizers (including urea), and Nitric Acid (75,000 MT/year capacity at North Bend, Ohio).

Trammo's business model is enterprise field sales with multi-year negotiated contracts and transaction-by-transaction pricing, generating revenue primarily from the margin between commodity purchase and sale prices, supplemented by freight charges from chartered vessels and storage/handling fees at owned terminals. The company owns and operates production assets (North Bend nitric acid plant), ammonia terminals (Meredosia and Niota, Illinois; storage in Harvey, LA and Mejillones, Chile), and has an ownership interest in the multi-modal Batumi terminal in Georgia (up to 1.5M MT/year capacity) operated with Wondernet Express. Customers are global fertilizer producers, petrochemical companies, and mining operations served through direct dedicated product group teams. Ownership remains with trusts established by the Estate of Ronald P. Stanton, with Edward G. Weiner serving as President and CEO since 2018.

The company has been aggressively positioning for the energy transition through green and low-carbon ammonia since 2021, executing offtake MOUs with Allied Green Ammonia (Australia), Iberdrola (Spain), Maaden (Saudi Arabia), Teal Corp (Quebec), ReMo Energy (Illinois), ExxonMobil (Baytown, Texas), and others, combined with infrastructure investments including the Elengy Fos-sur-Mer import terminal partnership and dual fuel ammonia vessel charters. Trammo's acquisition of Lemm Operations LLC in July 2024 brought terminal management in-house, and the April 2025 Port of Rotterdam ammonia bunkering pilot marked the company's entry into ammonia-as-marine-fuel distribution.

Name

Trammo

Legal name

Trammo, Inc.

Website

https://trammo.com

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

251–500 employees

Short description

Trammo is a privately held international commodities merchant founded in 1965 that markets, trades, distributes, and transports ammonia, sulphur, sulphuric acid, petroleum coke, finished fertilizers, and nitric acid to fertilizer, petrochemical, and mining customers across 50 countries using its own refrigerated gas carrier fleet and terminal infrastructure.

Ownership category

akta.pro rank

Product category

Physical Commodities Trading

NAICS

Industrial Gas Manufacturing (32512), Petrochemical Manufacturing (325110), Petroleum Bulk Stations and Terminals (42471), Warehousing and Storage (493)

SIC

Industrial Inorganic Chemicals (2810), Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Metals & Minerals (No Petroleum) (5050), Public Warehousing & Storage (4220)

akta.pro primary industry

Industrial Gases (Compressed/Cryogenic) Bulk Transport (TLADALAE)

akta.pro secondary industries

Fertilizers & Potash Bulk Transport (TLADAKAI), Industrial Minerals & Chemicals (Non-Haz Bulk Powders) Transport (TLADAKAJ), Compressed Gases & Cryogenic Gas Storage (Class 2) (TLALAHAF), Compressed, Liquefied & Refrigerated Gas Transport (Class 2) (TLACANAB)

Keywords

• Physical commodities trading
• Fertilizer raw materials
• Anhydrous ammonia marketing
• Sulphur distribution
• Bulk freight logistics

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices18 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Physical Commodity Trading: Trammo generates revenue by marketing, trading and distributing raw materials critical to the fertilizer, petrochemical and mining industries, including anhydrous ammonia, sulphur, sulphuric acid, petroleum coke, finished fertilizers and nitric acid. The company acts as an intermediary between producers and end-users, adding value through logistics expertise, market knowledge, and supply chain management. Revenue is derived from the margin between purchase and sale prices of commodities.
2. Transportation and Chartering Services: Trammo operates a fleet of 12-15 fully refrigerated gas carriers and provides chartering services to move commodities from areas of surplus to areas of deficit. The company employs the largest independent fleet of fully refrigerated inland waterway ammonia barge tows. Revenue is generated through freight charges and time/voyage charter arrangements.
3. Terminal and Production Operations: Trammo owns and operates production assets and terminals including: nitric acid production facility in North Bend, Ohio (75,000 MT annual capacity); ammonia terminals in Meredosia and Niota, Illinois; an ownership interest in the multi-modal terminal in Batumi, Georgia handling up to 1.5 million MT per annum; and storage tanks in Harvey, LA (15,000 MT) and Mejillones, Chile (20,000 MT). Revenue is generated through storage, handling and transloading fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Trammo is an international physical commodities trading and logistics company that markets, trades, distributes and transports raw materials critical to the fertilizer, petrochemical and mining industries. Its six core product lines are Anhydrous Ammonia (founding product since 1965, ~4M MT/year, >20% of seaborne global ammonia market), Sulphur (5M MT/year, the world's largest independent sulphur marketer), Sulphuric Acid (3M+ MT/year, world's largest trader), Petroleum Coke (3M+ MT/year), Finished Fertilizers (including urea), and Nitric Acid (75,000 MT/year capacity at North Bend, Ohio). The company also operates a fleet of 12-15 fully refrigerated gas carriers and owns/has interests in ammonia terminals, storage tanks, and a multi-modal terminal in Batumi, Georgia.

Product overview

Trammo is a leading international physical commodities trading company that markets, trades, distributes, and transports raw materials critical to the fertilizer, petrochemical, and mining industries. The company operates as a unified commodity trading and logistics platform with six core product lines: Anhydrous Ammonia (founding product since 1965, over 20% global seaborne market share), Sulphur (single largest global marketer with 5M MT/year), Sulphuric Acid (world's largest trader with 3M+ MT/year), Petroleum Coke (3M+ MT/year), Finished Fertilizers (including urea), and Nitric Acid (domestic US production at North Bend, Ohio with 75,000 MT/year capacity). These products share similar characteristics and logistical requirements, enabling Trammo to leverage its expertise, experience, infrastructure, and fleet of specialized refrigerated vessels across all product lines. The company also owns and operates production assets and terminals, including nitric acid production in North Bend, Ohio and ammonia terminals in Meredosia and Niota, Illinois, plus an ownership interest in the Multimodal Terminal at Port of Batumi, Georgia.

Differentiator

Problem solved

Functional benefit

Products and services

• Anhydrous Ammonia Anhydrous ammonia (NH3) is Trammo's founding commodity since 1965. The company is the largest independent global ammonia trader with over 20% market share of the seaborne global ammonia market, trading and distributing approximately 4 million metric tons annually using its fleet of 12-15 semi and fully refrigerated gas carriers. Anhydrous ammonia is the building block for nitrogen-based fertilizers and is also used in industrial chemical production and as a carbon-free marine fuel (green ammonia bunkering).
• Sulphur Sulphur is Trammo's second core commodity, supplied to phosphate fertilizer producers (for conversion to sulphuric acid) and metal leaching/mining operations. Trammo is the single largest sulphur marketer in the world with a traded volume of 5 million metric tons per year, representing about 17% of all global sulphur shipments and approximately 22% of the market excluding captive business. Total historical sulphur sales since 1984 exceed 78 million metric tons.
• Sulphuric Acid Sulphuric acid is Trammo's third core commodity and the world's largest sulphuric acid trading business, with an annual traded volume of over 3 million metric tons (approximately 2.4 million seaborne). Trammo charters more than 210 tankers annually to move sulphuric acid. It is used primarily in phosphate fertilizer production, metal leaching/mining, titanium dioxide production, and various industrial chemical processes.
• Petroleum Coke Petroleum coke (petcoke) is a high-calorific by-product of petroleum refining that Trammo has traded since 2009. Trammo is one of the largest independent petcoke marketers in the world with a traded volume of over 3 million metric tons per year, supplying cement, lime, brick, glass, steel and fertilizer producers globally.
• Finished Fertilizers Finished fertilizers (led by urea, which has the highest nitrogen content of any solid nitrogen fertilizer at 46%) is a niche product line for Trammo, leveraging its multimodal terminal at the Port of Batumi, Georgia for transit of Central Asian volumes to Western markets. Expansion of the division was supported by Walter Singer joining as VP and Urea Product Manager in January 2023.
• Nitric Acid Nitric acid is produced by Trammo Nitrogen Products, Inc. at the North Bend, Ohio facility (acquired from Agrium in 2018) with 75,000 metric tons of annual capacity. It is sold to U.S. and Canadian customers for use as a fertilizer raw material and in industrial applications including nylon 6,6, metal treatment, and uranium processing. The North Bend facility is the only one in North America producing high-quality nitric acid 100% on-purpose for the specialized industrial end-use merchant market.

Quantifiable outcome

• Market leadership in anhydrous ammonia with >20% of seaborne global ammonia market
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered minor, flagship and core.

• Oliver Stanton Foundation / Palacios Education Foundation / Somos Uno LLCminorGTM or Marketing Partner · 25 November 2025Trammo and the Oliver Stanton Foundation partnered with the Palacios Education Foundation and Somos Uno LLC to distribute thousands of bilingual and classic children's books to underserved schools and community programs across the United States, aiming to improve literacy and support multilingual families.
• The Fertilizer Institute (TFI) / FERT FoundationminorGTM or Marketing Partner · 3 June 2025Trammo Director Sarah Terrell, as FERT Foundation Chair, presented a $5,000 check to the winner of the Nutrients for Life 2025 Digital Contest at Nikola Tesla STEM High School. Trammo supports the FERT Foundation which focuses on fertilizer education, research, and training.
• OCIflagshipStrategic or Co-development Partner · 12 April 2025Trammo, OCI and James Fisher Fendercare successfully conducted an ammonia bunkering pilot at the Port of Rotterdam on April 12, 2025, transferring 800 cubic meters of liquid cold ammonia between two vessels. OCI is owner and operator of the port's ammonia terminal. The pilot raised Rotterdam's ammonia readiness to level 7 and was part of the EU-funded MAGPIE programme.
• ExxonMobilcoreStrategic or Co-development Partner · 24 January 2025Trammo and ExxonMobil signed a Heads of Agreement (HOA) for Trammo's long-term offtake of 300,000 to 500,000 tonnes of low-carbon ammonia per year from ExxonMobil's Baytown, Texas facility. The facility is expected to be the world's largest of its kind, producing up to 1 million tons of low-carbon ammonia annually with ~98% CO2 removed.
• Elengy SAflagshipStrategic or Co-development Partner · 30 September 2024Trammo SAS and Elengy signed an MOU to support the Medhyterra project, redeveloping part of Elengy's Fos Tonkin LNG terminal site in Fos-sur-Mer, France into a low-carbon ammonia import terminal with a 30,000 m3 ammonia storage tank. The new terminal will be capable of receiving 200,000 metric tons per year of low-carbon ammonia.
• Lemm Operations, LLC (Lemm Corp)coreStrategic or Co-development Partner · 1 July 2024Trammo's wholly owned subsidiary Trammo Terminals, Inc. acquired Lemm Operations, LLC, an experienced operator and provider of engineering and terminal management services to large chemical facilities in the United States. Lemm Corp has managed Trammo's ammonia terminals since 1989 and nitric acid facility since 2018.
• Wideshine Enterprise Limited (Tianjin Southwest Maritime Limited)coreStrategic or Co-development Partner · 28 May 2024Trammo Navigation Pte. Ltd. and Tianjin Southwest Maritime Limited (affiliate of Wideshine) signed agreements for the long-term charter of 1 handy 25,000 CBM and up to 2 additional mid-size 41,000 CBM newbuild dual fuel ammonia vessels (with options for 2 more). The vessels will be powered by WinGD's dual fuel ammonia engines for expected delivery from 2026, representing the world's first handy-size ammonia-fueled vessels.
• Allied Green Ammonia Pty Ltd (AGA)coreStrategic or Co-development Partner · 20 May 2024Trammo SAS and Allied Green Ammonia signed an MOU for Trammo to purchase up to 100% of green ammonia produced at AGA's facility on the Gove Peninsula in Australia's Northern Territory (~950,000 tons per annum). First sales expected Q4 2028. The facility will be one of the largest green ammonia plants globally, avoiding an estimated 1.8 million tons of carbon emissions annually.
• IberdrolacoreStrategic or Co-development Partner · 14 June 2023Trammo SAS signed a framework agreement to purchase and distribute up to 100,000 MT of green ammonia per year starting in 2026 from Iberdrola's plant in Spain, supported by 500 MW of new renewable energy. Iberdrola is a world leader in renewable energies with 40 GW of installed capacity.
• Saudi Arabian Mining Company (Maaden)coreStrategic or Co-development Partner · 12 April 2023Trammo SAS and Maaden signed a joint declaration for the purchase and sale of up to 50,000 MT of Blue Ammonia produced by Maaden in Saudi Arabia, to be distributed to customers in Europe using Trammo's fleet of specialized refrigerated vessels.
• ReMo Energy, Inc.coreStrategic or Co-development Partner · 17 October 2022Trammo and ReMo Energy signed an MOU for Trammo to purchase green ammonia from ReMo's forthcoming green ammonia production plant at Trammo's existing anhydrous ammonia terminal in Meredosia, Illinois. Expected production of approximately 16,000 short tons per year, anticipated to be the first green ammonia production location at commercial scale in the United States with commercial operations expected to commence in 2024.
• Teal CorpcoreStrategic or Co-development Partner · 28 March 2022Trammo signed an exclusive supply and offtake agreement for green ammonia with Teal Corp. Trammo would purchase all green ammonia produced by TEAL at its planned facility in Sept-Iles, Quebec, Canada (~800,000 metric tons). Additional projects in other locations aim to increase volume to more than 2.5 million metric tons. The project is powered by hydroelectric energy.
• Lotte Fine Chemical Co. Ltd.coreStrategic or Co-development Partner · 16 September 2021Trammo DMCC and Lotte Fine Chemical (Korea's largest ammonia buyer) signed an MOU for green ammonia supply. This was the first MOU for green ammonia supply in Korea. Both companies share the goal of becoming pioneers in the development of Green Ammonia and Green Energy Markets in the region.
• Wondernet Express Investment GroupcoreStrategic or Co-development Partner · 11 June 2021Trammo and Wondernet Express launched construction of a multimodal terminal at the Port of Batumi in January 2019 and commenced operations in June 2021. The terminal handles up to 1.5 million metric tons per annum of bulk commodities including fertilizers and sulphur, opening a strategic logistics corridor from Central Asia through Baku, Azerbaijan and Batumi, Georgia to Western markets via the Black Sea. Total investment was $25 million USD.
• AustriaEnergy Group / OekowindcoreStrategic or Co-development Partner · 6 May 2021Trammo DMCC and ASOE Chile Diez SpA (owned by AustriaEnergy Group) signed an MOU for exclusive green ammonia offtake of the entire output of a green hydrogen/green ammonia plant to be developed in Chile with an estimated annual output of 1 million metric tons of green ammonia, based on a 2GW wind park. Oekowind develops and operates wind, hydro and solar power plants for the project.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Trafigura: Trafigura is one of the world's largest privately held physical commodity traders with significant presence in ammonia, sulphur, petroleum products, and metals. Highly comparable to Trammo in business model (physical trading + logistics), product mix overlap (especially ammonia and sulphur), and privately-held status.
• Vitol: Vitol is the world's largest independent energy and commodity trader, privately held. Comparable to Trammo in physical trading model, chartering operations, and privately-held structure, with significant overlap in petroleum products, ammonia, and bulk chemical commodity trading.
• Glencore: Glencore is the world's largest diversified commodity trader and producer, publicly listed. Directly competes with Trammo in ammonia and sulphur trading and has integrated production. Comparable in core commodity trading activities though much larger scale and publicly listed.
• OCI Global: OCI Global is a leading global producer and distributor of nitrogen products including ammonia and urea. Direct competitor in ammonia trading and a recent bunkering partner with Trammo at Rotterdam. Highly comparable in ammonia distribution scale and green ammonia positioning.
• Yara International: Yara is the world's largest producer of ammonia, urea, and nitrogen-based fertilizers, publicly listed. Directly competes with Trammo in ammonia distribution to fertilizer producers globally and is developing its own clean ammonia capabilities. Comparable in ammonia market position and end-market focus.
• Nutrien: Nutrien is the world's largest provider of crop inputs and services, including the largest fertilizer producer globally. Comparable to Trammo as both a supplier of and competitor in fertilizer raw materials (ammonia, sulphur, sulphuric acid) trading to fertilizer and industrial customers.
• Ameropa: Ameropa is a privately held Swiss-based international trader of fertilizers and grains, one of the world's largest fertilizer merchants. Highly comparable to Trammo in business model (private trading company), product focus (fertilizers and fertilizer raw materials), and end-market (fertilizer producers globally).
• Helm AG: Helm AG is a privately held German family-owned commodity trading company with major fertilizer and chemicals marketing operations. Comparable to Trammo as a privately held European-headquartered fertilizer and chemicals trading house with similar product mix and global distribution model.

Broad incumbents

• Koch Ag & Energy Solutions: Koch Ag & Energy Solutions is a Koch Industries subsidiary that produces and markets nitrogen fertilizers, with significant ammonia and sulphur trading operations. Direct competitor in ammonia trading with substantial owned infrastructure and broader portfolio that includes petroleum refining.
• Cargill: Cargill is the largest privately held company in the US and a major global agricultural and commodity trader. Overlaps with Trammo in commodity trading and logistics, though Cargill operates at vastly larger scale and across a broader product range (grains, oilseeds, metals, energy).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/transammonia

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trammo